Inflation rose to a 45-month high of 8.1 per cent for the week ended May 17 on account of rising prices of fruits and vegetables, pulses, spices and some industrial fuels.
The Wholesale Price Index-based inflation was 7.82 per cent a week ago and 5.3 per cent during the corresponding week last year. During the week, prices of fish marine jumped up by 6 per cent, fruits and vegetables by 3 per cent, moong 2 per cent and spi ces by 1 per cent.
Among the industrial fuel, furnace oil became expensive by 3 per cent, light diesel oil 2 per cent and coke 31 per cent.
Despite the ban imposed by the government on export of skimmed milk powder, it became costlier by 7 per cent. At the same time, prices of imported edible oil and khandsari went up by 1 per cent. However, cement prices came down by 0.6 per cent while iro n and steel prices declined by 0.6 per cent. The previous high, as per the provisional figures for inflation, was recorded at 8.33 per cent for the week ended August 28, 2004.
The Wholesale Price Index-based inflation was 7.82 per cent a week ago and 5.3 per cent during the corresponding week last year. During the week, prices of fish marine jumped up by 6 per cent, fruits and vegetables by 3 per cent, moong 2 per cent and spi ces by 1 per cent.
Among the industrial fuel, furnace oil became expensive by 3 per cent, light diesel oil 2 per cent and coke 31 per cent.
Despite the ban imposed by the government on export of skimmed milk powder, it became costlier by 7 per cent. At the same time, prices of imported edible oil and khandsari went up by 1 per cent. However, cement prices came down by 0.6 per cent while iro n and steel prices declined by 0.6 per cent. The previous high, as per the provisional figures for inflation, was recorded at 8.33 per cent for the week ended August 28, 2004.
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